WALLDORF — SAP SE (NYSE: SAP) today announced that independent analyst firm ARC Advisory Group has positioned SAP as the market share leader in “Global Trade Compliance Systems Worldwide Market Research Study — Market Analysis and Forecast Through 2023.”
“How effectively organizations manage global trade in today’s rapidly changing environment will directly impact a company’s success,” said Martin Naraschewski, SAP general manager and global head of line of business Finance & Risk. “The SAP Global Trade Services (SAP GTS) application provides the platform necessary to allow organizations to scale globally yet remain nimble and compliant regionally.”
The report ranked SAP number one overall, based on revenues. SAP was named leader in select categories, such as Tier 1 companies, EMEA and Asia geographical regions, and industries including chemicals, electronics and electrical, food and beverage, oil and gas, pharmaceutical and biotech, and retail.
“SAP’s GTC solution, SAP GTS, enables enterprises to automate and streamline complex import and export processes — to ensure full regulatory compliance, expedite customs clearance, take full advantage of international trade agreements and mitigate the financial risk of global transactions,” wrote Clint Reiser, ARC director of Supply Chain Research.
To learn more visit www.sap.com/gts.
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